Popular bondholders will not be compensated, says SRB
The Single Resolution Board found this week that investors in Banco Popular would not have been any better off had they been put through an insolvency rather than a resolution. Creditors and shareholders will therefore not receive any compensation.
The SRB reached a provisional decision not to distribute any compensation to the bank's investors in August 2018. But it has since been conducting a "right to be heard" procedure, allowing investors to put forward opposing evidence and points of view.The EU agency heard from 2,856 different parties ...
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